Which of the Following Is False Regarding a Limited Liability

Which of the following is false regarding a limited liability company?

A) A limited liability company is similar to a limited partnership insofar as the limited partner and the limited liability company member have limited liability dependent on the investment he or she makes.
B) A limited liability company is similar to a limited partnership in regards to receiving the tax breaks that are often afforded to those in a partnership.
C) In a limited liability company, each member gets a say in the management of the company, whereas in a limited partnership, only the general partners get to make management decisions.
D) Limited liability companies are a relatively new form of business.
E) The Uniform Limited Liability Company Act has been accepted by a majority of the states.